KBC Group NV cut its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 22.5% during the fourth quarter, HoldingsChannel reports. The firm owned 31,091 shares of the company’s stock after selling 9,041 shares during the period. KBC Group NV’s holdings in Dollar Tree were worth $3,336,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of DLTR. Macquarie Group Ltd. increased its position in shares of Dollar Tree by 184,411.9% during the third quarter. Macquarie Group Ltd. now owns 8,303,037 shares of the company’s stock worth $720,869,000 after purchasing an additional 8,298,537 shares in the last quarter. DSM Capital Partners LLC increased its position in shares of Dollar Tree by 1,443,950.0% during the third quarter. DSM Capital Partners LLC now owns 1,213,002 shares of the company’s stock worth $105,314,000 after purchasing an additional 1,212,918 shares in the last quarter. Mar Vista Investment Partners LLC acquired a new position in shares of Dollar Tree during the third quarter worth $100,828,000. Russell Investments Group Ltd. increased its position in shares of Dollar Tree by 78.9% during the third quarter. Russell Investments Group Ltd. now owns 1,876,816 shares of the company’s stock worth $162,931,000 after purchasing an additional 827,665 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Dollar Tree by 2,567.0% during the fourth quarter. Victory Capital Management Inc. now owns 595,569 shares of the company’s stock worth $63,911,000 after purchasing an additional 573,238 shares in the last quarter. 91.50% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have recently weighed in on DLTR shares. Loop Capital boosted their price objective on shares of Dollar Tree from $94.00 to $100.00 and gave the company a “hold” rating in a report on Monday, February 12th. They noted that the move was a valuation call. Guggenheim reissued a “buy” rating on shares of Dollar Tree in a report on Wednesday, January 31st. Bank of America boosted their price objective on shares of Dollar Tree from $120.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Wells Fargo & Co reissued an “outperform” rating and set a $138.00 price objective (up from $132.00) on shares of Dollar Tree in a report on Tuesday, January 23rd. Finally, Oppenheimer started coverage on shares of Dollar Tree in a report on Tuesday, January 16th. They set an “outperform” rating and a $130.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. Dollar Tree currently has an average rating of “Buy” and an average price target of $106.31.
In other Dollar Tree news, insider Joshua R. Jewett sold 3,570 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $99.00, for a total value of $353,430.00. Following the completion of the transaction, the insider now owns 6,976 shares in the company, valued at $690,624. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Thomas A. Saunders sold 33,750 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $106.34, for a total transaction of $3,588,975.00. Following the completion of the transaction, the director now owns 2,332,294 shares of the company’s stock, valued at approximately $248,016,143.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,132 shares of company stock worth $14,679,180. 2.90% of the stock is owned by corporate insiders.
Shares of Dollar Tree, Inc. (NASDAQ:DLTR) opened at $107.96 on Monday. Dollar Tree, Inc. has a 1-year low of $65.63 and a 1-year high of $116.65. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.95 and a quick ratio of 0.28. The company has a market cap of $25,596.94, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 1.40 and a beta of 0.71.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.90 by $0.11. Dollar Tree had a net margin of 4.63% and a return on equity of 18.04%. The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same period in the prior year, the company earned $0.72 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. equities research analysts anticipate that Dollar Tree, Inc. will post 4.89 EPS for the current year.
Dollar Tree Profile
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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